UK Power Reserve (UKPR) announces the acquisition of a 30MW portfolio of gas-fired power stations from Scottish Power (SP). The acquisition brings the company's portfolio to 13 plants situated across England and Wales. The three SP power stations are Watson Street, Greengate and Cowley Hill and are located in Merseyside. Each site comprises three embedded packages totaling 10MW of generating capacity. UKPR will manage the operation and … [Read more...]
US Energy Information Administration: Energy reform could increase Mexico’s long-term oil production by 75%
On August 11, Mexico's president signed into law legislation that will open its oil and natural gas markets to foreign direct investment, effectively ending the 75-year-old monopoly of state-owned PetrĂłleos Mexicanos (Pemex). These laws, which follow previously adopted changes in Mexico's constitution to eliminate provisions that prohibited direct foreign investment in that nation's oil and natural gas sector, are likely to have major … [Read more...]
Professor Henrik Lund: Denmark proves complete fossil fuel independence is possible
Complete independence from energy generated from fossil fuels is possible. Professor Henrik Lund, of Aalborg University, believes that a system based 100 per cent on renewable energy is a viable option and could be achieved by 2050 in Denmark. Renewable energy systems (RES) planning can also be successfully applied to other countries worldwide. During his extremely well attended plenary lecture at CHISA, the 21st International Congress of … [Read more...]
MeyGen tidal energy project in Scotland gets another boost
Atlantis, owner of the world’s largest planned tidal stream energy project, MeyGen, has been awarded a ÂŁ7.5 million two year contract with the UK’s Energy Technologies Institute (ETI) to deliver a multi-turbine foundation structure which will support a further two turbines at the Atlantis-owned MeyGen tidal stream array in the Pentland Firth, Scotland. The agreement with ETI marks the start of Phase 2 of the ETI Tidal Energy Converter … [Read more...]
France announces $13.4 billion energy plan
Tax credits and low-interest loans will be used to generate about €10 billion ($13.4 billion) for a new energy plan in France. About half the money will be loaned by Caisse des Depots et Consignations, a government-owned lender, and some will also come from non-state banks. French President Francois Hollande wants France to reduce its reliance on atomic power from 75% to 50% by 2025. Such an investment is necessary to help with … [Read more...]
New report Carbon Tracker: Top 20 high-cost oil projects risk wasting $91 bln of investor cash
The Carbon Tracker Initiative (CTI) has come out with a new report highlighting some of the world’s most expensive future oil projects, which the biggest publicly listed oil companies are considering for development. Some of these projects require prices far exceeding today’s levels, and risk wasting $91 billion of investor cash over the next decade if taken into production. The projects are suggested as prime candidates for … [Read more...]
SkyNRG, Boeing and South African Airways aim to turn tobacco into sustainable jet fuelÂ
SkyNRG announces its first major feedstock project in South Africa based on the Solaris technology. Solaris is a nicotine-free energy tobacco crop that has been developed by the Italian company Sunchem. SkyNRG and Sunchem SA have teamed up to roll out Solaris in Southern Africa at large scale to help power local sustainable jet fuel production. Both South African Airways (SAA) and Boeing will provide active support in securing further project … [Read more...]
Who is responsible for climate change?
Jan Kunnas from the University of Stirling and colleagues from universities in the UK and New Zealand have written an ademic paper in which they calculate the cumulative historical cost of carbon dioxide emissions, in order to measure the responsibility various nations have for climate change. They suggest their results could be used to form the foundation of a future climate agreement. One of the major reasons for the failure of the 2009 … [Read more...]
New study: Debate on biofuels distracts from root causes of agricultural commodity price volatility
The German Bioethanol Industry Association (Bundesverband der deutschen Bioethanolwirtschaft - BDBe) commissioned a scholarly study to investigate claims that biofuels have been the main culprit behind rising agricultural prices and land-use conflicts. The public debate of the pros and cons of biofuels is dominated by issues related to the impact of biofuel production on the prices of agricultural commodities, food security and natural … [Read more...]
Report on best practices in “green growth”
A new report was launched by the Green Growth Best Practice (GGBP) initiative which pulls together the many tangible benefits that governments and communities are realizing through the adoption of green growth policies. The report, Green Growth in Practice: Lessons from Country Experiences, is the result of a collaborative partnership between the Climate & Development Knowledge Network (CDKN), the European Climate Foundation (ECF) and the … [Read more...]
EU Court of Justice: national support schemes for renewables compatible with EU law
The Swedish support scheme promoting green energy production in the national territory is compatible with EU law. Member States are not required to support the production of renewable energy in other EU States. The Renewable Energy Directive  allows Member States to support the production of green energy. Under that directive, Member States which grant benefits to producers  are not required to support the use of green energy produced in … [Read more...]
Corruption serious barrier to sustainable energy system in southeast Europe
High-level corruption in the energy sector is seriously affecting countries in seven countries in South Eastern Europe, according to the study Winners and Losers: Who Benefits from High Level Corruption in the South East Europe Energy Sector?. NGOs who authored the report, Â launched 24 June in Brussels during a High Level Policy Conference, call upon EU institutions to treat the reform of the energy sector in South East Europe as an urgent … [Read more...]
New BP Statistical Review shows US oil production increase helped avoid oil crisis
The new BP Statistical Review of World Energy 2014, published on 16 June, shows that the world only narrowly escaped an oil crisis last year, thanks to a large increase of production in the US. The figures in the famous Review – the publication’s 63rd annual edition – show “how geopolitical events in a number of countries continued to impact oil production in 2013, with Libya suffering the largest single decline in the face of renewed civil … [Read more...]
Oil and gas producers: we subsidise government, not vice versa
Oil and gas contribute hundreds of billions of euros to European government revenues every year, a new study shows, highlighting how the industry – far from being subsidised – crucially boosts public finances in the European Union and Norway. Energy taxation and subsidies in Europe, a study commissioned by the International Association of Oil & Gas Producers (OGP) and carried out by independent consultant NERA Economic Consulting, sheds … [Read more...]
UN starts new hub to bring investment and innovation in clean energy to Asia and the Pacific
A new regional hub launched by the Asian Development Bank (ADB), in partnership with the United Nations Development Programme (UNDP) and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), will help mobilize investment and innovative solutions to bring clean, modern energy to those who do not have it in Asia and the Pacific. The "Asia-Pacific Sustainable Energy for All" hub will gather governments, investors, … [Read more...]
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